NYSE:CSR Centerspace (CSR) Stock Forecast, Price & News $61.74 -0.73 (-1.17%) (As of 09:31 AM ET) Add Compare Share Share Today's Range$61.74▼$62.4450-Day Range$53.98▼$64.1852-Week Range$51.26▼$90.00Volume696 shsAverage Volume79,736 shsMarket Capitalization$923.63 millionP/E Ratio29.68Dividend Yield4.73%Price Target$70.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Centerspace MarketRank™ ForecastAnalyst RatingHold2.17 Rating ScoreUpside/Downside12.1% Upside$70.00 Price TargetShort InterestHealthy1.82% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.00Based on 2 Articles This WeekInsider TradingAcquiring Shares$111,360 Bought Last QuarterProj. Earnings Growth1.16%From $4.30 to $4.35 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.62 out of 5 starsFinance Sector285th out of 863 stocksReal Estate Investment Trusts Industry40th out of 191 stocks 2.1 Analyst's Opinion Consensus RatingCenterspace has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $70.00, Centerspace has a forecasted upside of 12.1% from its current price of $62.47.Amount of Analyst CoverageCenterspace has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.82% of the outstanding shares of Centerspace have been sold short.Short Interest Ratio / Days to CoverCenterspace has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Centerspace has recently decreased by 7.01%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipCenterspace is a leading dividend payer. It pays a dividend yield of 4.55%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCenterspace does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Centerspace is 140.39%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Centerspace will have a dividend payout ratio of 67.13% next year. This indicates that Centerspace will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CSR. Previous Next 2.8 News and Social Media Coverage News SentimentCenterspace has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Centerspace this week, compared to 2 articles on an average week.Search Interest4 people have searched for CSR on MarketBeat in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Centerspace insiders have bought more of their company's stock than they have sold. Specifically, they have bought $111,360.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.86% of the stock of Centerspace is held by insiders.Percentage Held by Institutions84.26% of the stock of Centerspace is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Centerspace are expected to grow by 1.16% in the coming year, from $4.30 to $4.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Centerspace is 30.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Centerspace is 30.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 142.41.Price to Earnings Growth RatioCenterspace has a PEG Ratio of 2.13. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCenterspace has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Centerspace (NYSE:CSR) StockCenterspace operates as real estate investment trust, which engages in the ownership, management, acquisition, redevelopment, and development of apartment communities. It focuses on making operational enhancements to improve residents experience, redeveloping existing apartment communities to meet market demands and acquiring new apartment communities in the Minneapolis/St. Paul and Denver metropolitan areas. The company was founded on July 31, 1970 and is headquartered in Minot, ND.Read More Receive CSR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Centerspace and its competitors with MarketBeat's FREE daily newsletter. Email Address CSR Stock News HeadlinesMay 30, 2023 | msn.comCenterspace: Rental Growth Will Fuel Growth In 2023 And BeyondMay 30, 2023 | americanbankingnews.comCenterspace (NYSE:CSR) Receives $70.00 Consensus Price Target from BrokeragesJune 9, 2023 | Edge On The Street (Ad)All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A SupercycleMore automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...May 26, 2023 | americanbankingnews.comCenterspace (NYSE:CSR) Lifted to Market Perform at Raymond JamesMay 16, 2023 | seekingalpha.comCenterspace (CSR) Investor Presentation - SlideshowMay 15, 2023 | finance.yahoo.comProterra Investment Partners to launch real estate investment strategy with accomplished industry veteranMay 10, 2023 | americanbankingnews.comMark Okey Decker, Jr. Purchases 1,000 Shares of Centerspace (NYSE:CSR) StockMay 4, 2023 | msn.comRBC Capital Maintains Centerspace (CSR) Sector Perform RecommendationJune 9, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.May 4, 2023 | americanbankingnews.comCenterspace (NYSE:CSR) Rating Increased to Buy at Colliers SecuritiesMay 3, 2023 | markets.businessinsider.comAnalyst Ratings for CenterspaceMay 3, 2023 | msn.comColliers Securities Upgrades Centerspace (CSR)May 2, 2023 | theglobeandmail.comCenterspace Reports First Quarter 2023 Financial Results and Affirms 2023 Core FFO GuidanceMay 1, 2023 | msn.comCenterspace (CSR) Q1 FFO Meet EstimatesApril 30, 2023 | americanbankingnews.comCenterspace (CSR) Set to Announce Quarterly Earnings on MondayApril 19, 2023 | markets.businessinsider.comInvestors Real Estate Trust Registered Shs of Benef InterestApril 12, 2023 | finance.yahoo.comCENTERSPACE ANNOUNCES DATES FOR THE EARNINGS RELEASE AND CONFERENCE CALL FOR THE FIRST QUARTER OF 2023April 6, 2023 | americanbankingnews.comCenterspace (NYSE:CSR) Price Target Cut to $62.00 by Analysts at Piper SandlerApril 5, 2023 | msn.comPiper Sandler Maintains Centerspace (CSR) Neutral RecommendationApril 2, 2023 | americanbankingnews.comInsider Buying: Centerspace (NYSE:CSR) CEO Acquires $52,510.00 in StockMarch 24, 2023 | bizjournals.comApartments owner Centerspace names Anne Olson CEOMarch 23, 2023 | americanbankingnews.comCenterspace (NYSE:CSR) Sets New 12-Month Low at $52.74March 16, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Financial Companies: Centerspace (CSR) and Empire State Realty (ESRT)March 3, 2023 | msn.comCenterspace - 6.625% PRF PERPETUAL USD 25 - Ser C declares $0.4141 dividendMarch 1, 2023 | seekingalpha.comCenterspace: Weighed Down By A Higher Interest BurdenFebruary 24, 2023 | seekingalpha.comCenterspace (CSR) Q4 2022 Earnings Call TranscriptFebruary 23, 2023 | insidermonkey.comCenterspace (NYSE:CSR) Q4 2022 Earnings Call TranscriptSee More Headlines CSR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CSR Company Calendar Last Earnings8/01/2022Ex-Dividend for 4/10 Dividend3/30/2023Dividend Payable4/10/2023Today6/09/2023Ex-Dividend for 7/10 Dividend6/29/2023Dividend Payable7/10/2023Next Earnings (Estimated)8/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:CSR CUSIPN/A CIK798359 Webwww.iretapartments.com Phone(701) 837-4738Fax701-838-7785Employees394Year FoundedN/APrice Target and Rating Average Stock Price Forecast$70.00 High Stock Price Forecast$80.00 Low Stock Price Forecast$62.00 Forecasted Upside/Downside+12.1%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.08 Trailing P/E Ratio30.03 Forward P/E Ratio14.53 P/E Growth2.08Net Income$-13,470,000.00 Net Margins14.40% Pretax Margin17.12% Return on Equity4.26% Return on Assets1.90% Debt Debt-to-Equity Ratio0.69 Current Ratio0.16 Quick Ratio0.16 Sales & Book Value Annual Sales$256.72 million Price / Sales3.64 Cash Flow$6.09 per share Price / Cash Flow10.26 Book Value$56.86 per share Price / Book1.10Miscellaneous Outstanding Shares14,960,000Free Float14,831,000Market Cap$934.55 million OptionableOptionable Beta0.93 Key ExecutivesAnne M. OlsonPresident, CEO, Secretary & DirectorBhairav PatelChief Financial Officer & Executive Vice PresidentSusan J. PicotteVice President-Asset ManagementJean DennSenior Vice President-OperationsGrant P. CampbellSenior Vice President-InvestmentsKey CompetitorsNew York Mortgage TrustNASDAQ:NYMTAlexander'sNYSE:ALXUniti GroupNASDAQ:UNITPlymouth Industrial REITNYSE:PLYMCommunity Healthcare TrustNYSE:CHCTView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Sold 32,508 shares on 5/22/2023Ownership: 1.176%JPMorgan Chase & Co.Sold 46,674 shares on 5/18/2023Ownership: 1.013%New York State Common Retirement FundSold 3,500 shares on 5/18/2023Ownership: 0.098%Thrivent Financial for LutheransSold 523 shares on 5/17/2023Ownership: 0.100%Graham Capital Management L.P.Bought 1,511 shares on 5/16/2023Ownership: 0.055%View All Insider TransactionsView All Institutional Transactions CSR Stock - Frequently Asked Questions Should I buy or sell Centerspace stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centerspace in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CSR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSR, but not buy additional shares or sell existing shares. View CSR analyst ratings or view top-rated stocks. What is Centerspace's stock price forecast for 2023? 6 brokerages have issued 1-year target prices for Centerspace's shares. Their CSR share price forecasts range from $62.00 to $80.00. On average, they predict the company's share price to reach $70.00 in the next year. This suggests a possible upside of 12.1% from the stock's current price. View analysts price targets for CSR or view top-rated stocks among Wall Street analysts. How have CSR shares performed in 2023? Centerspace's stock was trading at $58.67 at the start of the year. Since then, CSR shares have increased by 6.5% and is now trading at $62.47. View the best growth stocks for 2023 here. Are investors shorting Centerspace? Centerspace saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 272,100 shares, a drop of 7.0% from the April 30th total of 292,600 shares. Based on an average daily volume of 85,300 shares, the days-to-cover ratio is currently 3.2 days. View Centerspace's Short Interest. When is Centerspace's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023. View our CSR earnings forecast. How were Centerspace's earnings last quarter? Centerspace (NYSE:CSR) released its earnings results on Monday, August, 1st. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.63) by $0.33. Centerspace had a net margin of 14.40% and a trailing twelve-month return on equity of 4.26%. During the same period in the previous year, the business earned $0.95 earnings per share. How often does Centerspace pay dividends? What is the dividend yield for Centerspace? Centerspace announced a quarterly dividend on Friday, June 2nd. Shareholders of record on Friday, June 30th will be paid a dividend of $0.73 per share on Monday, July 10th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, June 29th. Read our dividend analysis for CSR. What ETFs hold Centerspace's stock? ETFs with the largest weight of Centerspace (NYSE:CSR) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG), Kelly Residential & Apartment Real Estate ETF (RESI), Residential REIT ETF (HAUS), Invesco S&P SmallCap Low Volatility ETF (XSLV), iShares Frontier and Select EM ETF (FM), Nuveen Short-Term REIT ETF (NURE), Invesco S&P SmallCap Financials ETF (PSCF) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV). Is Centerspace a good dividend stock? Centerspace (NYSE:CSR) pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.66%. CSR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 140.39%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CSR will have a dividend payout ratio of 67.13% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CSR. What guidance has Centerspace issued on next quarter's earnings? Centerspace issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $4.27-$4.56 for the period, compared to the consensus earnings per share estimate of $4.41. The company issued revenue guidance of -. What is Centerspace's stock symbol? Centerspace trades on the New York Stock Exchange (NYSE) under the ticker symbol "CSR." Who are Centerspace's major shareholders? Centerspace's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.93%), State Street Corp (6.54%), Wellington Management Group LLP (4.38%), Heitman Real Estate Securities LLC (3.15%), Renaissance Technologies LLC (3.03%) and Geode Capital Management LLC (2.18%). Insiders that own company stock include John A Schissel, Mark Okey Decker Jr, Mary J Twinem and Rodney Jones-Tyson. View institutional ownership trends. How do I buy shares of Centerspace? Shares of CSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Centerspace's stock price today? One share of CSR stock can currently be purchased for approximately $62.47. How much money does Centerspace make? Centerspace (NYSE:CSR) has a market capitalization of $934.55 million and generates $256.72 million in revenue each year. The company earns $-13,470,000.00 in net income (profit) each year or $2.08 on an earnings per share basis. How many employees does Centerspace have? The company employs 394 workers across the globe. How can I contact Centerspace? Centerspace's mailing address is 1400 31ST AVENUE SW SUITE 60 PO BOX 1988, MINOT ND, 58702. The official website for the company is www.iretapartments.com. The company can be reached via phone at (701) 837-4738, via email at ir@iret.com, or via fax at 701-838-7785. This page (NYSE:CSR) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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